$GOVI
Governance Token of the CVI Platform
CVI operates a permissionless, open-source protocol that includes a decentralized governance component so that any user can be a part of the development of the network.
The $GOVI token is an ERC-20 token, and acts as the governance token for the protocol and the platform.
$GOVI

$GOVI Supply, Distribution, and Allocation:

CVI is a fair launch product, meaning, there are no pre-mined tokens, no fundraising, no allocations for VC or whales. We believe that on CVI everyone should start equally and users of the platform, and $GOVI stakers will govern it and enjoy its fees
The total supply of $GOVI is capped at 32M tokens, with no option to mint more.
The initial supply was airdropped to COTI native holders and liquidity providers of COTI-ETH pools on Uniswap. After the airdrop, the distribution of $GOVI was set according to the model below:

$GOVI holders as part of this ecosystem will be able to:

  • Receive a share of the platform collected fees.
  • Vote on trading platform changes and enhancements.
  • Vote on changes to the data source and aggregation protocol.
  • Vote to change Dmin (liquidation position deposit minimum level).
  • Vote to change D0 (opening position deposit size).
  • Vote to change the fees.
  • Vote to change the leverage.

$GOVI Buybacks

85% of the platform generated fees will be collected and used to buy $GOVI tokens on the market, reducing the token supply in the open market. Those $GOVI tokens will be then distributed to the CVI ecosystem members, such as: CVI traders, liquidity providers and $GOVI stakers, in the form of open positions and staking rewards.

$GOVI is currently available on:

DEXs such as Uniswap and Sushiswap on the Ethereum chain, and on QuickSwap on the Polygon chain.
The $GOVI token is also available on CEXs such as Kucoin.